Pinnacle Activity Ticker
Pinnacle Digest writes:
Facebook insiders sell to buy bottoming gold miners? This is the thesis Jeb Handberger puts forward in his most recent article. The US equity and bond markets are heavily overbought.
He refreshes investors’ minds in regards to the many social media IPO flops in recent years. Meanwhile, there is a growing body of evidence that gold has formed a double bottom around $1525. There have been 3 bullish high volume reversals in just the past two weeks alone for the miners. The support and buying for gold continues to be strong amidst the longest rally in the USD in its history.
As the Euro Zone fades into chaos ordinary citizens are converting euros into gold and silver.